Painted Pony Petroleum Ltd (PPY) Price Target Increased to C$11.00 by Analysts at RBC Capital Markets
A number of other research firms also recently weighed in on PPY. Scotiabank reiterated an outperform rating and issued a C$9.50 price target on shares of Painted Pony Petroleum in a research report on Thursday, August 11th. FirstEnergy Capital boosted their price objective on shares of Painted Pony Petroleum from C$12.50 to C$13.00 in a research report on Friday, August 12th. TD Securities downgraded shares of Painted Pony Petroleum from an action list buy rating to a buy rating and set a C$12.50 price objective for the company. in a research report on Tuesday, September 6th. Royal Bank Of Canada boosted their price objective on shares of Painted Pony Petroleum from C$7.00 to C$9.00 in a research report on Thursday, July 14th. Finally, Desjardins boosted their price objective on shares of Painted Pony Petroleum from C$8.75 to C$9.00 and gave the company a buy rating in a research report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Painted Pony Petroleum currently has a consensus rating of Buy and an average price target of C$9.17.
Shares of Painted Pony Petroleum (TSE:PPY) traded up 1.10% on Thursday, reaching $9.16. The company’s stock had a trading volume of 594,536 shares. Painted Pony Petroleum has a 52-week low of $2.71 and a 52-week high of $9.27. The firm has a 50 day moving average of $8.15 and a 200 day moving average of $7.18. The company’s market cap is $916.72 million.
Painted Pony Petroleum Company Profile
Painted Pony Petroleum Ltd. is a natural gas company in Western Canada. The Company’s principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It is focused on the development of natural gas and natural gas liquids from the Montney formation in Northeast British Columbia.
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